Swift Aquatics LLC

Analysis

Swift Aquatics LLC is a registered charity in United States, based in Morton Grove, IL. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Swift Aquatics LLC reported income of $380k and spending of $335k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $454k to $380k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Swift Aquatics LLC sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Cainhoy Athletic Soccer Club ($380k), Future Athletes of Louisiana Inc ($380k) and Deity Animal Rescue and Foundation ($380k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $172k. At year end it held assets of $157k against liabilities of $0, net assets of $157k. It reported 16 employees.